TURKI ALALSHIKH has lifted the lid on his new boxing league - and what it means for Eddie Hearn and Frank Warren. Alalshikh has teamed up with TKO - who control and own the UFC and WWE - on a new boxing venture involving Dana White. Details are limited but White has teased using fewer weight classes and having just one title per division - bypassing the WBC, WBA, IBF and WBO. And it has also led to fears boxing's old guard including Hearn and Warren will be phased out by TKO. But Alalshikh said in a live video: "Last week, we announced the TKO Boxing League with Dana White. "We are focusing on this league to give the opportunity for the fighters and to make something that the fans like. "We have a lot of ideas that I will keep until the right time for Dana to announce. "This league is not against anyone; it is not against the commission, not against the promoters. This is my opinion. "This is a project, and there will be space in the market. We will still see the four belts, the commissions and the promoters. "The market is huge, and no one can delete anyone from this market. CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS "I understand the panic in the market because there are a lot of companies, and there are a lot of promoters. "What I want to say is, we care about the fans and the fighters, and we will support the fans and the fighters, and we will continue to do the big fights for the people. "The relationship between Riyadh Season, Ring Magazine and the promoters will continue at least for the next one or two years. "This depends on their reactions and about the options they will give us. If it is good for us, we will do it. "In this situation, I like what Matchroom and Eddie Hearn are doing. "Eddie is still discussing with me and my team about making the big fights around the world. "He has decided to continue to work with us, and we will continue to do business with him. "Also, we have had a lot of discussions with Golden Boy to have some of their fighters on different cards. "Me and my team are always happy to work with the promoters in boxing if they give us good options."